December 15, 2017, 9:50 pm
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Banking And Finance

Trump interviews four for Fed

October 02, 2017
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WASHINGTON- US President Donald Trump is ramping up his search for a new chief for the US central bank, meeting with former Federal Reserve Governor Kevin Warsh and three others and promising a decision next month.

Global CEOs remain optimistic

September 25, 2017
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Corporate leaders continue to have a positive outlook amid heightened uncertainty in the global economy, as they see these economic challenges as an opportunity for further business expansion.

Fed in muddle over permanent

September 25, 2017
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OKLAHOMA CITY- Federal Reserve officials with competing views about inflation laid out on Friday the quandary facing US policymakers as they wrestle over whether a recent dip in the pace of price increases is trivial, or the result of global forces that could permanently throw off the Fed’s policy calculus.
 

‘Debt trap’ fears may paralyze

September 25, 2017
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LONDON- Central banks are in danger of falling into a “debt trap” where they can’t take needed action for fear of triggering defaults and economic turmoil, a senior Bank for International Settlements (BIS) official said on Friday.

BOP rebounds in Q2

September 18, 2017
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The country’s balance of payments position (BOP) rebounded in the second quarter of this year, yielding a surplus of $289 million after posting a deficit in the first quarter of the year. 

WHAT CRACKDOWN?: Expect more C

September 18, 2017
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SINGAPORE - China will remain a major source of deals as local firms invest overseas and foreign companies put money into the world’s second-largest economy, despite a government crackdown on splashy acquisitions, bankers and investors said.
 

Remittances hit $16.1B

September 18, 2017
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On a year-to-date basis, cash remittances from overseas Filipinos (OFWs) coursed through banks posted 5.0 percent growth, reaching $16.1 billion in January to July 2017.

Tax perks tempt Italian banke

September 18, 2017
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LONDON/MILAN - Italian financiers who handle some of their country’s biggest deals out of London are moving to Milan, lured by bumper tax breaks at a time of deep uncertainty about Brexit, sources familiar with the plans said.

Outstanding external debt decl

September 18, 2017
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Bangko Sentral ng Pilipinas Officer-In-Charge Diwa C. Guinigundo announced that outstanding Philippine external debt stood $72.5 billion as of end-June 2017, down by $1.3 billion or 1.8 percent from the $73.8 billion end-March 2017 level.

Consumer confidence declines

September 11, 2017
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Consumer sentiment weakened but remained positive for the third quarter, with the overall confidence index (CI) decreasing to 10.2 percent from 13.1 percent.

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Front Page

Column of the Day

Santa Claus isn’t coming

By DAHLI ASPILLERA | December 15,2017
‘Kids, sorry to say that Santa Claus is not coming this year. Things are falling apart in the North Pole.’

Opinion of the Day

Duterte doesn’t rule out nationwide martial law

By ELLEN TORDESILLAS | December 15, 2017
‘Duterte does not even bother to allay these concerns.’